Common use of Assumption of Agreement Clause in Contracts

Assumption of Agreement. The Company will require any successor (whether by purchase of assets, merger, consolidation or otherwise) to all or substantially all of the business and/or assets of the Company to expressly assume and agree to perform all of the obligations of the Company under this Agreement (including the obligation to cause any subsequent successor to also assume the obligations of this Agreement) unless such assumption occurs by operation of law.

Appears in 20 contracts

Samples: Severance and Retention Agreement (CSK Auto Corp), Severance and Retention Agreement (CSK Auto Corp), Severance and Retention Agreement (CSK Auto Corp)

AutoNDA by SimpleDocs

Assumption of Agreement. The Company will shall require any successor (whether direct or indirect, by purchase of assetspurchase, merger, consolidation or otherwise) to all or substantially all of the business and/or assets of the Company to expressly assume this Agreement in the same manner and agree to the same extent that the Company would have been required to perform all of it if no such succession had taken place. As used in the obligations of Agreement, “the Company” shall mean both the Company under this Agreement (including the obligation to cause as defined above and any subsequent such successor to also assume the obligations of that assumes this Agreement) unless such assumption occurs , by operation of lawlaw or otherwise.

Appears in 7 contracts

Samples: Executive Employment Agreement (Aleris Corp), Employment Agreement (Aleris Ohio Management, Inc.), Employment Agreement (Aleris Ohio Management, Inc.)

Assumption of Agreement. The Company will require any successor (whether by purchase of assets, merger, consolidation or otherwise) to all or substantially all of the business and/or assets of the Company to expressly assume and agree to perform all of the obligations of the Company under this Agreement (including the obligation to cause any subsequent successor to also assume the obligations of this Agreement) unless such assumption occurs by operation of law.business

Appears in 5 contracts

Samples: Change of Control Agreement (Minimed Inc), Change of Control Agreement (Minimed Inc), Change of Control Agreement (Minimed Inc)

Assumption of Agreement. The Company will require any successor (whether by purchase of assetspurchase, merger, consolidation or otherwise) to all or substantially all of the business and/or assets of the Company Company, by agreement in form and substance reasonably satisfactory to the Executive, to expressly assume and agree to perform all of the obligations of the Company under this Agreement (including in the obligation same manner and to cause any subsequent successor the same extent that the Company would be required to also assume the obligations of this Agreement) unless perform if no such assumption occurs by operation of lawsuccession had taken place.

Appears in 3 contracts

Samples: Employment Agreement (Hertz Global Holdings Inc), Employment Agreement (Hertz Corp), Employment Agreement (Wyeth)

Assumption of Agreement. The Company will require any successor (whether by purchase of assets, merger, consolidation or otherwise) to all or substantially all of the business and/or assets of the Company to expressly assume and agree to perform all of the obligations of the Company under this Agreement (including the obligation to cause any subsequent successor to also assume the obligations of this Agreement) unless such assumption occurs by operation of law.

Appears in 2 contracts

Samples: Severance Agreement (Tejon Ranch Co), Severance Agreement (Tejon Ranch Co)

Assumption of Agreement. The Company will shall require and cause any successor (whether direct or indirect by purchase of assetspurchase, merger, consolidation or otherwise) to all, substantially all or substantially all a substantial part, of the business and/or assets of the Company Company, by written agreement in form and substance satisfactory to Indemnitee, expressly to assume and agree to perform all of this Agreement in the obligations of same manner and to the same extent that the Company under this Agreement (including the obligation would be required to cause any subsequent successor to also assume the obligations of this Agreement) unless perform if no such assumption occurs by operation of lawsuccession had taken place.

Appears in 2 contracts

Samples: Indemnification Agreement (Corporate Capital Trust, Inc.), Indemnification Agreement (Corporate Capital Trust, Inc.)

Assumption of Agreement. The Company will require any successor (whether by purchase of assets, merger, consolidation or otherwise) to who acquires all or substantially all of the business and/or assets of the Company to expressly assume and agree to perform all of this Agreement in the obligations of same manner and to the same extent that the Company under would be required to perform it if no such succession had taken place. As used in this Agreement, the “Company” shall mean Virios Therapeutics, Inc., as hereinbefore defined and any successor to its business and/or assets as aforesaid which assumes and agrees to perform this Agreement (including the obligation to cause any subsequent successor to also assume the obligations of this Agreement) unless such assumption occurs by operation of lawlaw or otherwise.

Appears in 1 contract

Samples: Employment Agreement (Virios Therapeutics, LLC)

Assumption of Agreement. The Company will require any successor ----------------------- (whether by purchase of assets, merger, consolidation or otherwise) to all or substantially all of the business and/or assets of the Company to expressly assume and agree to perform all of the obligations of the Company under this Agreement (including the obligation to cause any subsequent successor to also assume the obligations of this Agreement) unless such assumption occurs by operation of law.

Appears in 1 contract

Samples: Change of Control Severance Agreement (Maxwell Shoe Co Inc)

Assumption of Agreement. The Company will require any successor (whether by purchase of assets, merger, consolidation or otherwise) to all or substantially all of the business and/or assets of the Company to expressly assume and agree to perform all of the obligations of the Company under this Agreement (including the obligation to cause any subsequent successor to also assume the obligations of this Agreement) unless such assumption occurs by operation of law.the

Appears in 1 contract

Samples: Change of Control Agreement (Minimed Inc)

AutoNDA by SimpleDocs

Assumption of Agreement. (i) The Company will shall require any successor (whether direct or indirect, by purchase of assetspurchase, merger, consolidation or otherwise) to all or substantially all of the business and/or assets of the Company Company, by agreement in form and substance reasonably satisfactory to you, expressly to assume and agree to perform all of provide severance payments and benefits pursuant to this Agreement in the obligations of same manner and to the same extent that the Company would be required to perform its obligations under this Agreement (including the obligation to cause any subsequent successor to also assume the obligations of this Agreement) unless if no such assumption occurs by operation of lawsuccession had taken place.

Appears in 1 contract

Samples: Valvoline Inc

Assumption of Agreement. The Company will shall require any successor (whether by purchase of assetspurchase, merger, consolidation or otherwise) to all or substantially all of the business and/or assets of the Company Company, by agreement in form and substance reasonably satisfactory to the Executive, to expressly assume and agree to perform all of the obligations of the Company under this Agreement (including in the obligation same manner and to cause any subsequent successor the same extent that the Company would be required to also assume the obligations of this Agreement) unless perform if no such assumption occurs by operation of lawsuccession had taken place.

Appears in 1 contract

Samples: Employee Stock Option Agreement (Hertz Corp)

Assumption of Agreement. The Company will require any successor (whether direct or indirect, and whether by purchase of assetspurchase, merger, consolidation or otherwise) to all or substantially all of the business and/or assets of the Company to expressly assume and agree to perform all of this agreement in the obligations of same manner and to the same extent that the Company under would be required to perform it if no such succession had taken place. Such assumption and agreement shall be in express terms and shall be obtained prior to the effectiveness of any such succession. As used in this Agreement (including the obligation to cause any subsequent successor to also assume the obligations of this Agreement) unless such assumption occurs by operation of law.agreement, "

Appears in 1 contract

Samples: Employment Agreement (Adt Limited)

Assumption of Agreement. The Company will shall require any successor (whether direct or indirect, by purchase of assetspurchase, merger, consolidation or otherwise) to all or substantially all of the business and/or assets of the Company to expressly assume and agree to perform all of this Agreement in the obligations of same manner and to the same extent that the Company under this Agreement (including would have been required to perform it if no such succession had taken place. As used in the obligation Agreement, the “Company” shall mean both the Company as defined above and any such successor that assumes and agrees to cause any subsequent successor to also assume the obligations of perform this Agreement) unless such assumption occurs , by operation of lawlaw or otherwise.

Appears in 1 contract

Samples: Employment Agreement (Thoratec Corp)

Assumption of Agreement. The Company will require any successor (whether direct or indirect, by purchase of assetspur- chase, merger, consolidation or otherwise) to all or substantially substan- tially all of the business and/or assets of the Company to expressly assume and agree to perform all of the obligations of the Company Company's obliga- tions under this Agreement (including in the obligation same manner and to cause any subsequent successor the same extent that the Company would be required to also assume the obligations of this Agreement) unless perform if no such assumption occurs by operation of lawsuccession had taken place.

Appears in 1 contract

Samples: Supplemental Retirement Income Agreement (Devon Energy Corp /Ok/)

Time is Money Join Law Insider Premium to draft better contracts faster.